Hello Everyone, i'm quite new to RE and i'm looking at my 3rd deal which is a duplex. The owner acquired the property through tax lien foreclosure over 2 years ago and has been renting it out. We've been in the negoti...
I was looking for advice on how to refi a 12 unit multifamily I purchased recenly in New Jersey. Currently, the previous owner is holding note. There are 3 structures on the property totaling 12 units 100% occupied. I...
I was wondering why a property of $70k can rent for $850 while a property of $85k also rents for $850 assuming they both are fully rehabbed. It would be amazing if someone could enlighten me on this. Thanks!
what do you normally do?
Hello guys,
I am working on my first flip, I L/Od it and the tenets are ready to buy the home now. Here is where the challenge is:
The buyer works for family and get paid a big part of his income in cash. Thus, hi...
My realtor brought me an 8 unit multifamily opp. I’m conducting my due diligence. all currently rented for $850/mo. Taxes are $7200. Likely below market rents by $100-200/mo. No vacancies. Sale list price is $720k. B...
Some friends and long-time roommates of mine have decided that we want to buy property in SF, and eventually decided on multifamily as it looks like we'll get the most sqft/$ that way, as well as individual units.
Ou...
Hello Fellow investors, I am working with a broker for a loan on multi-family property. Broker photoshopped the Bank's original LOI to reflect higher origination fee. Later when he slipped through his fee, then he sen...
This is neither a question, nor is it really an answer. But, rather, a rant that's been repeated here before. I'm just wanting to add my 2-cents. Got a lead on my website for a house in the area. Called the guy and he...
We have been using the white cabinets on smaller kitchens and using the cognac (more like espresso) in larger kitchens. I know it might be regional, but what finishes have y'all had positive feedback?